DeSoto Reviews

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Excellent Coming-of-age book
About everyday life during the depression in OklahomaWe feel our own lives enlarged, deepened, matured as I read this book. Sometimes funny, always honest, and often deeply moving book.

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super great book,,you cant put it down
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western humor at its modern best
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Background of Historical ParksThe first part of the book is a synopsis of the explorations of these conquistadores, all from Spain, who searched the New World for riches, in particular, gold. What they encountered were Native Americans, some friendly, some ferocious. Although the Spaniards suffered physically through hardships of difficult terrain, shortage of food, and battles with natives, they also inflicted injustices on the native peoples.
This book offers a brief but important understanding of the history behind the names of places we often take for granted. It is the history of the U.S. before the English arrived and created the colonies. The Spanish were here first, and as maps show in this book, traversed much of the land. Unfortunately for the Spanish, they were disheartened about the lack of gold, and did not pursue its other natural resources. How different the U.S. might have been if they had not given up.
This little publication deserves a 5 for fulfilling its purpose of bringing awareness to the history that created these national parks. It can serve as a springboard for other research, as well as create interest in including these sites in one's vacation plans.

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Doctor De SotoOne day a fox came to the door. Doctor De Soto was reluctant to let him in but did because he couldn't stand to see the pain the poor fox was in because of a rotten tooth. Doctor De Soto gives the fox some gas to put him to sleep while he pulls out the tooth. When the fox wakes up Doctor De Soto tells him to come back the next day so that he can put in a new tooth.
That night both De Soto and his wife are worried that the fox will eat Doctor De Soto when he comes back the next day, so they come up with a plan and outfox the fox.
The illustrations are bright and colorful and the style is bold and straightforward. There are several more books about Doctor De Soto, even if they aren't all sold here.
Loggie-log-log-log

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Truly magnificent view into Hawaii's romantic past
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Patterns can be mixed and matched as needed

LA ECONOMIA POLITICA DE LA REFORMA JUDICIAL
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Agreed -- would have been better firstThis is good stuff just the same.
Lots of good points that are useful in a classroom.
A Devastating Critique of Centrally Planned EconomiesThe first part of the book is a detailed analysis of three sectors of the Peruvian economy: housing, transport, and trade (small manufacturing and retail primarily). In each of these, De Soto demonstrates how the barriers raised by regulation and legal process from both right and left wing governments in Peru have forced the majority of persons participating to do so in informal/illegal ways. The result is that formal activity bears the brunt of taxation and informals have little protection in terms of property rights, contractual instruments, and so on. The net result is that everyone is impoverished. This section of the book can be tough reading because of the amount of detail, but its necessary in order to understand the importance of the second half.
The second half suggests that the Peruvian situation is really the reemergence of mercantilism, not a market economy. De Soto then provides some suggestions to peacefully transitiont to a market economy, and convincing warnings that failure to do so will almost certainly result in a violent transition.
The points that De Soto makes are increasingly significant to non-Peruvians as societies like America have increasingly centralised economies. Ironically, the cover includes blurbs from both Presidents Bush and Clinton. One suspects that netiher of them actually read the book.
Really worth 4.5 Stars
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Excellent Advice for Third World LeadersIn the book, de Soto argues that it is the inability to produce capital, rather than a lack of respect for private property or the rule of law per se, which inhibits rapid economic growth in the third world. He notes there is a difference between protecting property rights and producing capital. Specifically, he states that over time in the West, mechanisms were developed within systems of property rights to produce capital very quickly. He asserts that many westerners are oblivious to these mechanisms, and that they "...view them as parts of the system that protects property, not as interlocking mechanisms for fixing the economic potential of an asset in such a way that it can be converted into capital."
He defines property as a mediating device that captures and stores the mechanisms necessary to run a market economy. He states that it "...seeds the system by making people accountable and assets fungible, by tracking transactions, and so providing all the mechanisms required for the monetary and banking system to work and for investment to function." He relates the idea of property to capital by pointing out that - rather than a mere representation of assets on paper - it is a process through which a society extracts value from those assets. Therefore, property is not the assets themselves but an expression of how those assets should be used.
From this, de Soto develops his theory of how the West grew rich. He argues that American property systems flourished because they incorporated legal rights to allow people to use their property to create capital. He lists occupancy, preemption, homesteading, miners' laws, and other mechanisms for bringing informal property rights into the legal arena as examples of how Western systems created a new economic order providing the right incentives for massive growth to occur. He believes this evolution occurred under America's legal umbrella rather than Britain's because America's system responded to shifting political attitudes more quickly than Britain's - where the common law had entrenched a static system hostile to extralegal notions of property.
These extralegal notions of property are crucial, de Soto notes, because they dominate most economic transactions in the third world. He points out that with their formal economies so heavily regulated, black markets are the only systems available to most third world residents. As a result, most businesses in the third world incur heavy visible costs in the form of paying bribes, making payments outside legal channels, and operating through dispersed networks without a source of credit. However, the largest costs - which are invisible - are the absence of institutions necessary to create incentives for people to raise investment funds, achieve economies of scale, or protect their innovations in the marketplace.
Thus, de Soto argues, the problem with most proposals to establish property rights and the rule of law is that they ignore existing black market institutions that already guide economic activity in third world countries. He explains that when new legal institutions are created, those institutions must embrace contracts and arrangements that exist under the black market, or they will be rejected over time. He believes the solution is for reformers to codify black market rules so they can be made uniform within individual countries. Thus, leaders can compare these rules to other newly proposed frameworks and create an individual set that best enables them to create a system that is legitimate and self-enforceable over time.
De Soto's book sheds important light on many of the problems inherent in development economics. His insights into the evolution of market institutions to provide incentives for people to both protect their property and use it productively explain many of the frustrations experienced by officials at international aid agencies and third world governments. These leaders would do well to heed his advice.
Filling in the gap between theory and reality.Hernando de Soto does not give you a definite method as to how to unlock "hidden capital", but it does give guidelines for developing a meaningful way to turn such unregistered assets into capital; the basis of a capitalistic system. He also offers some history as to how this kind of predicament was tackled by lawmakers in developed nations such as the United States and England. By using history, Hernando de Soto attempts to fill in the gap between theory and reality.
Packed with Knowledge!
If you can get this book, read this book. It is worth it!